Kiloutou has acquired Seralfe, an equipment rental firm in Madrid, Spain, continuing its expansion in the Spanish market.
Seralfe is one of the leading equipment rental firms in Madrid with a branch and 20 employees. The company has a fleet of more than 1,600 machines – including loaders, diggers and small plant – and serves business customers such as self-employed trades, SMEs and national key accounts in the construction and civil engineering sector.
This new acquisition comes after Kiloutou took over Rentecnika in 2015, Alvecon in 2016 and CTC de Maquinaria in 2017 and is part of the group’s strategy to grow its business in Spain and expand its range of services in the Madrid region. Kiloutou will draw on the experience and expertise of Seralfe’s teams to continue developing the business.
For Olivier Colleau, CEO of the Kiloutou Group, “This acquisition is fully in line with Kiloutou’s international development strategy, which aims to consolidate our positions in high potential markets. It allows us to strengthen our presence in the dynamic Madrid market and once again illustrates our ability to federate around our development project, high-quality regional stakeholders with a strong local presence. Kiloutou’s long-term goal is to continue its development on the Spanish market through internal growth, opening of branches and acquisitions.”
For Jesús Martín Valladolid and Julián Hernández Delgado, Seralfe’s founders and shareholders, “We are delighted about Seralfe’s acquisition by the Kiloutou Group. The project put forward was a key element in our decision to sell and we are convinced that this merger will allow the company that we have created to successfully continue its development by making additional means and resources available.”
This move is part of the Kiloutou Group’s active campaign to boost development, through regular organic growth and the continuing pursuit of external growth. Internationally, it extends the development strategy undertaken in Poland, Spain, Germany and Italy over the past 4 years.
As the 4th largest European rental company and a major player in the rental of equipment in France, the Kiloutou Group provides products and services solutions to a very diversified clientele: large national accounts, construction companies, craftsmen, communities and administrations, industries, services, SMEs. The Kiloutou group offers the widest range of the market with about 1,000 references and more than 250,000 materials in various fields: personnel elevation equipment, earthmoving and construction, structural and finishing work, commercial vehicles, and event. With a turnover of 606 million euros in 2017 and a workforce of 4,500 people in Europe, Kiloutou continues its development and now represents a network of 440 agencies in France, including fifty at specialized building and thirty said proximity, located in the city center. The network also has 30 branches in Poland, 19 in Spain, 3 in Germany and 10 in Italy.
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